Saturday September 20, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Europe rides rebound in risk appetite, emerging markets shine

Revived appetite for emerging markets helped Asian stocks hit a near six-month high on Wednesday, leaving Europe and other developed markets - where future stimulus looks increasingly uncertain - trailing.

It was an easier start for European bourses after a difficult couple of days during which tensions have escalated in Ukraine and the European Central Bank has tempered expectations of new mass asset-buying program.

The pan-regional FTSEurofirst 300 .FTEU3 rose 0.4 percent as the main markets in London .FTSE, Paris .FCHI and Frankfurt .GDAXI helped claw back some of the 1.2 percent the FTSEurofirst that has lost so far this week.

In the currency market, the euro and sterling both remained firm as the dollar retook a bit of the ground it has lost against a rallying yen in recent days.

The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year and next as output in richer nations picked up.

It was emerging markets, however, that got the thumbs-up from investors again on Wednesday.

MSCI's broadest index of Asia-Pacific shares outside Japan had advanced almost 1 percent .MIAPJ0000PUS to its highest level since late October, helped by another EM outperformance .MSCIEF, both in stocks and currencies.

Talk that China could be readying new economic support measures has helped investors largely put aside worries about geopolitics and slowing U.S. stimulus that fuelled a turbulent start to the year for EM assets.

Core eurozone bonds remained under pressure in early European trading.

But periphery debt was back in favor as chatter focused on talk Greece could announce its return to bond markets later, just two years after a spectacular default that saw investors lose 70 percent of their cash.

Rising tensions in Ukraine tempered the revival of risk appetite. The United States accused Russian agents and special forces on Tuesday of stirring the unrest, saying Moscow could be eyeing military action as it had in Crimea.

Brent stood little-changed at $107.34 a barrel, holding most of the gains made when it surged 1.7 percent on Tuesday.

[Reuters]

ekathimerini.com , Wednesday April 9, 2014 (12:11)  
Record sum of new debts to the state in August
‘Greece can meet its needs on its own’
Cyprus civil servants´ strike called off
Elliniko investors eye Cyprus project warily
Mayors resisting evaluation to face disciplinary action
Mayors and municipal employees who refuse to take part in a civil service evaluation scheme the government has undertaken as part of commitments to international creditors will face discipli...
Fyssas rally demonstrators face prosecutor after clashes
Sixty-four people arrested in Keratsini, a suburb of Piraeus, on Thursday, following clashes with police during an anti-racist march marking the one-year anniversary of the murder of rapper ...
Inside News
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
High stakes after the Scottish vote
We will soon know whether the Scots voted for their country’s independence or whether they will remain citizens of the “United Kingdom of Great Britain and Northern Ireland.” What was alread...
EDITORIAL
Breathing room
Even Greece’s biggest critics find it hard to deny that the debt-hit country has achieved an unprecedented fiscal turnaround within a very short period of time. Sure, progress in promoting t...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Record sum of new debts to the state in August
2. ‘Greece can meet its needs on its own’
3. Mayors resisting evaluation to face disciplinary action
4. Fyssas rally demonstrators face prosecutor after clashes
5. PM in energy talks ahead of crucial meeting with Merkel
6. Attiki Odos Lamia exit to close Sunday
more news
Today
This Week
1. Record sum of new debts to the state in August
2. ‘Greece can meet its needs on its own’
3. EIB signs deals with Greece for 815-mln investment in infrastructure projects
4. Dozens of arrests at march to mark anniversary of Fyssas murder
5. Hardouvelis signals Greece may skip IMF loans to exit aid curbs
6. Syntagma metro station to close for Fyssas tribute concert
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Democracy under Pressure | Live Streaming
6. SYRIZA spokesman suggests gov't sought to stop NERIT airing Tsipras speech live
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.